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Back Fundamental analysis
EUR/USD: Hawks, Doves, and the 1.1750 Level: Longs on Southern Pullbacks Are Relevant Again
The euro-dollar pair maintains a bullish
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The euro-dollar pair maintains a bullish outlook. Although EUR/USD buyers have not managed to hold above the resistance level of 1.1750 (the upper line of the Bollinger Bands on the D1 timeframe), the pair consistently returns to this price barrier after downward price pullbacks. The upward momentum of the pair is primarily driven by the overall weakening of the greenback, amid increasing confidence that the US Federal Reserve will again cut interest rates at the beginning of next year. Even
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Irina Manzenko,
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